Noteworthy Price Action: What Will Happen to Barnes Group Inc. Next? The Stock Just Reaches Record High

November 10, 2016November 10, 2016Ellis Scott

The stock of Barnes Group Inc. (NYSE:B) reached all time high today, Nov, 10 and still has $62.07 target or 45.00% above today’s $42.81 share price. This indicates more upside for the $2.36 billion company. This technical setup was reported by Barchart.com. If the $62.07 PT is reached, the company will be worth $1.06B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 3.63% or $1.5 during the last trading session, hitting $42.81. About 301,858 shares traded hands or 82.06% up from the average. Barnes Group Inc. (NYSE:B) has risen 16.46% since April 8, 2016 and is uptrending. It has outperformed by 10.81% the S&P500.

Barnes Group Inc. (NYSE:B) Ratings Coverage

Out of 6 analysts covering Barnes Group (NYSE:B), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Barnes Group has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Oppenheimer with “Outperform” on Friday, February 12. The rating was upgraded by Oppenheimer on Friday, August 7 to “Outperform”. The firm earned “Neutral” rating on Monday, October 19 by Buckingham Research. The firm earned “Outperform” rating on Monday, October 26 by Oppenheimer. The stock of Barnes Group Inc. (NYSE:B) earned “Buy” rating by Deutsche Bank on Thursday, April 7. The firm has “Buy” rating by Sidoti given on Tuesday, January 12. The firm earned “Neutral” rating on Friday, December 11 by DA Davidson.

According to Zacks Investment Research, “Barnes Group Inc. is an international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.78, from 1.7 in 2016Q1. The ratio dived, as 14 funds sold all Barnes Group Inc. shares owned while 69 reduced positions. 21 funds bought stakes while 55 increased positions. They now own 44.00 million shares or 2.38% more from 42.98 million shares in 2016Q1.
Price T Rowe Assoc Inc Md holds 0% or 18,850 shares in its portfolio. Profund Advsrs Limited Liability Company accumulated 0.02% or 10,633 shares. Jpmorgan Chase And Com last reported 0% of its portfolio in the stock. Moreover, Fuller Thaler Asset Inc has 0% invested in Barnes Group Inc. (NYSE:B) for 3,500 shares. Bessemer Grp Inc Inc has invested 0% of its portfolio in Barnes Group Inc. (NYSE:B). Comerica Fincl Bank last reported 50,411 shares in the company. Moors And Cabot accumulated 6,259 shares or 0.04% of the stock. Millennium Mgmt Ltd Com, a New York-based fund reported 155,165 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Barnes Group Inc. (NYSE:B) for 1,085 shares. Jennison Associates Limited Liability Company accumulated 0% or 20,202 shares. Vanguard Group Inc Inc accumulated 3.97 million shares or 0.01% of the stock. Wells Fargo And Mn accumulated 84,211 shares or 0% of the stock. State Street has 1.08 million shares for 0% of their US portfolio. Retail Bank Of America Corp De holds 0.04% of its portfolio in Barnes Group Inc. (NYSE:B) for 5.48M shares. Dean Investment Associates Limited Liability Company accumulated 158,960 shares or 1.03% of the stock.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 8 selling transactions for $2.01 million net activity. BARNES THOMAS O had sold 730 shares worth $30,267 on Monday, August 29. $411,037 worth of Barnes Group Inc. (NYSE:B) shares were sold by BENANAV GARY G. EDWARDS DAWN N sold $229,385 worth of Barnes Group Inc. (NYSE:B) on Wednesday, August 10. $145,101 worth of Barnes Group Inc. (NYSE:B) was sold by MCCLELLAN HASSELL H on Monday, May 23. Shares for $893,022 were sold by STEPHENS CHRISTOPHER J.

More important recent Barnes Group Inc. (NYSE:B) news were published by: Businesswire.com which released: “Barnes Group Inc. Names Michael A. Beck Senior Vice President, Barnes Group …” on March 01, 2016, also Businesswire.com published article titled: “Barnes Group Inc. Reports Third Quarter 2016 Financial Results”, Businesswire.com published: “Barnes Group Inc. Reports First Quarter 2016 Financial Results” on April 25, 2016. More interesting news about Barnes Group Inc. (NYSE:B) was released by: Businesswire.com and their article: “Barnes Group Inc. Elects Hans-Peter MÃ¤nner to Board of Directors” with publication date: October 19, 2016.

B Company Profile

Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace maker and service provider, serving a range of end-markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. The Company’s divisions include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment maker (OEM) business and the aftermarket business, whichcomprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts.